Trading Update: Monday June 27, 2022 Emini pre-open market analysis Emini daily chart Bulls successfully closed above 3,900 on Friday. The bulls need follow-through for test of the June high and 4,200. At the moment, the market is close enough to 4,000 that it will probably have to test that price level soon. The market […]
Emini reversed higher from trend channel line overshoot
The S&P 500 Emini futures reversed higher from a trend channel line overshoot and a wedge bottom. The bears failed to create follow-through selling below May low on the weekly chart. The bulls want a reversal higher from a trend channel line overshoot and a wedge bottom. The bulls will need to create follow-through buying next week to convince traders that a reversal higher may be underway.
Nasdaq 100 failed breakout below May low
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures weekly candle is a strong bull bar closing near its high. It’s a Nasdaq 100 failed breakout below the May low. Every day of the week was a bull bar, although they had tails indicating trading range price action. Friday was a strong bull day. […]
EURUSD sideways trading range for 9 weeks
The EURUSD Forex is in a 9-weeks sideways trading range. The bulls want a reversal from a double bottom (May 13 and Jun 15) following a trend channel line overshoot and a wedge bottom (Aug 20, Nov 24 and May 13). They need to create follow-through buying next week to convince traders that a reversal higher may be underway. The bears want the EURUSD to stall around or below the May 20 high, the bear trend line, or the 20-week exponential moving average and a re-test of the low.
Bitcoin 2.ª Bear Leg en Trading Range
Visión general del mercado: Futuros del Bitcoin Los Futuros sobre Bitcoin están desarrollando una 2.ª Bear Leg (pata bajista) dentro de un Bear Channel (canal bajista), tras venir cayendo un 70 % desde máximos, actualmente realizando un test a un soporte mayor de mercado: el previo Breakout Point (punto de ruptura), que además es el […]
FTSE bull surprise bar at support
Market Overview: FTSE 100 Futures The FTSE futures market reversed up strongly with a bull surprise bar at support. It was the end of a measured move for the bears and you can see how quickly they exited. We said last week we would end up back at this magnet of a tight trading range, so […]
DAX 40 double bottom at 13000 big round number
Market Overview: DAX 40 Futures DAX futures was a doji and a double bottom at the 13000 big round number. We are always in short but a pause here at the bottom of a trading range will make bears consider whether they want to swing below. Bulls will start to scale in and a High […]
Nifty 50 strong bull close
Market Overview: Nifty 50 Futures Nifty 50 strong bull close on futures weekly chart, near wedge bottom line, and possible failed bear breakout of a cup & handle pattern. On the daily chart, Nifty 50 forming possible final flag, so the least bulls can expect is a trading range on both weekly and daily charts. Nifty […]
Bulls want close above 3,800 and strong finish to week
Trading Update: Friday June 24, 2022 Emini pre-open market analysis Emini daily chart The bulls want today to close above 3,800 and have a strong finish to week. Bulls are trying to get a reversal from the bear breakout below the May 20 low. The bulls closed just under 3,800 yesterday. The market will likely […]
Emini may close above 3,800 today or tomorrow
Trading Update: Thursday June 23, 2022 Emini pre-open market analysis Emini daily chart The daily chart is just under 3,800 and the May 20 low. The Emini may close above 3,800 today or tomorrow. The odds favor a test up to the 4,000 price level before the market goes much lower. The bears want any […]
